TI Clean Mobility, a subsidiary of ‘Tube Investments of India: A Murugappa Group Company’,

TI Clean Mobility, a subsidiary of ‘Tube Investments of India: A Murugappa Group Company’,

TI Clean Mobility launches Montra Electric 3W

Chennai, 6th September 2022: TI Clean Mobility, a subsidiary of ‘Tube Investments of India: A Murugappa Group Company’, launched Montra Electric 3W Auto in Chennai today. The launch of this 3W Auto marks the brand’s entry in the electric space. The new vehicle is set to revolutionize the last mile mobility sector of India, with its distinct looks, powerful performance and robust build quality.

Mr. Arun Murugappan, Executive Chairman, Tube Investments of India, said Montra Electric 3W will mark a new phase of growth and innovation for us. We’ve invested our best resources and time to develop this product. We are excit ed to see customer reactions. At TI Clean Mobility, we strive to deliver products and solutions that makes business sense for our customers and us. With Montra Electric we strive towards carbon neutrality. Electric 3W is one of the EV segme nts with the biggest growth potential. This segment is one that will have a significant impact on India’s effort to achieve net zero carbon emissions by the year 2070. We believe it is our duty, as a clean mobility pioneer and indigenous busines s house, to collaborate with the Indian government to help realize its vision for a sustainable future.”

 

On the product, Mr. KK Paul, MD, TICMPL said, “Montra Electric 3W is packed with innovation and several indu stry-firsts. It houses category best 10 kWh battery pack, delivering superior range of 197km (ARAI Certified) an d 155+/-5km (Typical Range). Industry best peak torque of 60 Nm and a top speed of 55kmph. Equipped with ind ustry first multi drive modes for better economy along with Park Assist Mode for better maneuverability throu gh city traffic. Safety & Endurance is our top priority, the Montra Electric 3W is manufactured with superior mat erials, delivering complete peace of mind. This segment-leading performance is complimented with super comf ort using double fork front suspension, car like driver seat & better cushioning. The Montra Electric 3W has all t he space you need for driver and passenger with a category-defining boot space for luggage. Comes loaded with telematics and state of the art apps for both Driver and Commuter, available in English and vernaculars. It is as e asy to own as it is to ride with digital financing, 24 x 7 roadside assistance, 2 year extended warranty option & 3 year AMC”.

Manufactured in TI Clean Mobility’s facility in Ambattur, Chennai, the Montra Electric 3W will be made availabl e in phases across the nation, starting South. The price of the Montra electric 3W range will start from INR 3.02 Lac* (Ex-showroom post-subsidy, 7.66 kWh) and will be made available in 100+ dealerships across the nation.

  About TI Clean Mobility Private Limited:

TI Clean Mobility Private Limited, is a wholly-owned subsidiary of Tube Investments of India Ltd formed effect ive 12th Feb 2022 with the objective of driving focus into Clean Mobility. As part of its business plans, the comp any ventured into manufacture and marketing of Electric Three Wheelers in the Passenger and Cargo Segments under the brand name ‘Montra Electric’.

About Murugappa Group:

Founded in 1900, the INR 547 Billion (INR 54,722 Crores) Murugappa Group is one of India’s leading business co nglomerates. The Group has 29 businesses including ten listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., CG Power and Industrial Sol utions Ltd., Cholamandalam Financial Holdings Ltd., Cholamandalam Investment and Finance Company Ltd., Ch olamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Co mpany Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd. and Wendt (India) Ltd.

The Group holds leadership position in several product lines including Abrasives, Technical Ceramics, Electro Mi nerals, Auto Components & Systems, Power Conversion Equipment, Transformers & Reactors for the Power T& D segment, Solutions for Railways in Rolling Stock & Signalling Equipment, Bicycles, Fertilisers, Sugar, Tea and Sp irulina (Nutraceuticals). The Group has forged strong alliances with leading international companies such as Gro upe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Yanmar & Co. and Compagnie De s Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continent s.

Renowned brands like BSA, Hercules, Montra, Mach City, Ballmaster, Ajax, Rhodius, Parry’s, Chola, Gromor, Sha nthi Gears and Paramfos are from the Murugappa stable. The Group fosters an environment of professionalism and has a workforce of over 59,000 employees.

For more details, visit https://www.murugappa.com/